Release Schedule

In the short term, SPOOL Token supply will most likely be inflationary. In the long term, we are going to move to a schedule that adheres to the concepts outlined in:

Economic Sustainabillity

10,500,000 SPOOL (7.5%) was the initial circulating supply since those SPOOL Tokens were distributed through a fair launch LBP.

The SPOOL Tokens reserved for DeFi Stakeholders 11,200,000 SPOOL (8%) will be distributed through linear vesting over 24 months, starting 6 months after the launch of Alpha V1, subject to completion of their agreed KPIs. The 24 months linear vesting for the DeFi Stakeholders has started on the First of October 2022 (1-10-2022) and has completed on the thirty-first of January 2024 (Ended on 31-01-2024).

The SPOOL Tokens reserved for Builders, Advisors, and Ecosystem 28,000,000 SPOOL (20%) will be distributed through linear vesting over 24 months, starting 6 months after the launch of Alpha V1. The 24 months linear vesting for the Builders, Advisors and Ecosystem has started on the Sixteenth of November 2022 (16-11-2022) and ends at the seventeenth of March 2024 (17-03-2024).

On the 13th of June 2023 a Token Burn happened for SPOOL, burning a total of 70,000,000 SPOOL Tokens and reducing the maximum supply to 140,000,000 SPOOL. Accompanying this token burn was the fact that 10,000,000 (7.1%) of tokens would be retained for future team incentives and, as these tokens have not yet been allocated, no release schedule applies to these tokens for now.